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Pastimes : DD's DD -- Ignore unavailable to you. Want to Upgrade?

To: Due Diligence who wrote (220)	11/11/1999 5:18:00 PM
From: Spark	Respond to of 2080

even better..lol am calm just excited.. :)

To: Due Diligence who wrote (220)	11/11/1999 7:06:00 PM
From: campe	Read Replies (1) \| Respond to of 2080

DD, what's your current take on PCIEQ? I recall you followed it at one point. Looks like its sitting on the bottom at .03/.04 I couldn'd get any today at .035, however, I did sent their IR an e-mail to which they responded. Here's the e-mail from PCIE IR, Tony Broughton. Seems like Tony is a straight shooter, no hype, just addressed my questions... ------------------------------------------------------ From: TEMPY12@aol.com Subject: PCIE Date: Thu, 11 Nov 1999 15:04:59 EST Thank you for your E-Mail. 1. We currently have around 30 million shares outstanding, of which around 11 million are currently unrestricted and free trading. At this time management holds around 8 million, all restricted and which will remain so until the Company is in compliance with its SEC filings. 2. We are awaiting Court approval on our $1 million performance line of credit which I hope we will get tomorrow or Monday. Removal of the Q symbol occurs only when the Company emerges from Chapter 11, i.e. when a reorganization scheme has been approved by 65% in value of the creditors. 3. Production has been limited since the September 7 filing as the only funds available are those which you can generate since that date, hence we have concentrated on shipping COD orders and ploughing the proceeds back into payroll and materials. The line of credit will enable us to work on L/C and AR orders. In terms of revenue expectations all I can tell you at this time that this is an extremely strong cash flow business, non seasonal because of our production capability in all board sports, not just snowboards, if you have access to working capital this business is a license to print. Our problem is that for over a year our attempts to bring in working capital were hindered by a secured noteholder who would not agree to the necessary subordination. It was for this reason that we filed for Chapter11 protection and now will have a WC line. We would prefer of course a straight line of credit but we do not qualify for consideration yet. 4. The France Group is a division of PCIE, at the time of filing the audits through the end of 1998 had been completed and the work on 1999 was starting. We hope that we will resume this audit work soon as cash flow improves, in any event we have until April 2000 to be fully in compliance. Please let me know if you need any further information or explanation. Tony Broughton